Curbline Properties Corp. $CURB Position Boosted by Public Sector Pension Investment Board

Key Points

• Public Sector Pension Investment Board increased its stake in Curbline Properties Corp. by 27.3%, holding approximately 299,786 shares valued at $7.25 million.
• Conor Fennerty, EVP of Curbline Properties, sold 28,000 shares at an average price of $22.81, reducing his ownership by 13.69%.
• Wall Street analysts have an average rating of "Hold" for Curbline Properties, with a recent price target decrease from Morgan Stanley from $27.00 to $26.00.

Public Sector Pension Investment Board increased its stake in Curbline Properties Corp. (NYSE:CURB - Free Report) by 27.3% during the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 299,786 shares of the company's stock after purchasing an additional 64,299 shares during the period. Public Sector Pension Investment Board owned 0.28% of Curbline Properties worth $7,252,000 at the end of the most recent reporting period.

Other institutional investors have also recently added to or reduced their stakes in the company. T. Rowe Price Investment Management Inc. acquired a new position in shares of Curbline Properties during the fourth quarter valued at $119,568,000. Nuveen LLC acquired a new position in Curbline Properties during the 1st quarter valued at about $56,521,000. GRS Advisors LLC bought a new position in Curbline Properties in the 4th quarter worth about $51,890,000. Balyasny Asset Management L.P. acquired a new stake in shares of Curbline Properties in the fourth quarter valued at approximately $38,853,000. Finally, Nuveen Asset Management LLC acquired a new stake in shares of Curbline Properties in the fourth quarter valued at approximately $35,782,000.

Wall Street Analysts Forecast Growth

Separately, Morgan Stanley lowered their target price on Curbline Properties from $27.00 to $26.00 and set an "equal weight" rating on the stock in a research report on Thursday, April 24th. Three equities research analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the company's stock. According to MarketBeat.com, Curbline Properties has an average rating of "Hold" and a consensus price target of $25.68.

Insider Buying and Selling at Curbline Properties

In other news, EVP Conor Fennerty sold 28,000 shares of the business's stock in a transaction that occurred on Friday, June 27th. The shares were sold at an average price of $22.81, for a total transaction of $638,680.00. Following the sale, the executive vice president owned 176,560 shares in the company, valued at $4,027,333.60. The trade was a 13.69% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 8.60% of the stock is currently owned by company insiders.

Curbline Properties Trading Up 1.0%

Shares of CURB traded up $0.23 during trading hours on Tuesday, hitting $22.27. 52,147 shares of the company were exchanged, compared to its average volume of 595,505. The company has a debt-to-equity ratio of 0.05, a quick ratio of 13.40 and a current ratio of 13.40. The firm has a fifty day simple moving average of $22.66 and a 200-day simple moving average of $23.23. Curbline Properties Corp. has a one year low of $18.80 and a one year high of $25.69.

Curbline Properties (NYSE:CURB - Get Free Report) last announced its earnings results on Monday, July 28th. The company reported $0.26 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.24 by $0.02. Curbline Properties had a return on equity of 1.01% and a net margin of 11.74%.The company had revenue of $41.10 million for the quarter, compared to analyst estimates of $37.67 million. During the same period in the previous year, the firm earned $0.19 earnings per share. Curbline Properties's revenue for the quarter was up 47.0% compared to the same quarter last year. Curbline Properties has set its FY 2025 guidance at 0.990-1.020 EPS. As a group, analysts anticipate that Curbline Properties Corp. will post 1 EPS for the current fiscal year.

Curbline Properties Company Profile

Curbline Properties Corp. is a real estate investment trust which is an owner and manager of convenience shopping centers positioned on the curbline of well-trafficked intersections and major vehicular corridors in suburban. Curbline Properties Corp. is based in NEW YORK.